Tuesday, January 29, 2008

Stimulate this

I'm not too clear on the tax return situation that is happening this year but this article by Naomi Klein got me thinking about it. It's an interesting read on the Bush administration's history of capitalizing on disasters.

Now, from what I understand, if one fulfills certain requirements, he or she is eligible for a larger tax return this year. And this is all part of the "economic stimulus package" mentioned in the article. But how is a couple hundred dollars extra this year going to "stimulate the economy"? I mean is this being done under the assumption that people are going to run out and buy stuff they don't need? I'm pretty sure that, with the way things are now, a lot of people are going to be using their tax return to pay bills and debts. You know how much debts I owe?


By the way, Naomi Klein is a great author. Read her first book, No Logo, for an insightful analysis of multinational corporations and the anti-globalization movement. Yeah, it may take you a while to finish but if you can read the Lord of the Rings then you can read this.

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